X2M CONNECT LIMITED — AGM Information 2021

Nov 28, 2021

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ASX:X2M AGM Presentation

29 November 2021

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CEO’s Address

FY2021 Financial Highlights

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Revenue
$5.7m
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Up 82% on
Proforma
2020
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B2B
Customers
25 -> 34
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36% increase
on June
2020
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123,256
connected
devices
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Up 93% on
June 2020
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AGM Presentation November 2021

3

FY2021 Market Performance

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South
Korea
Strong brand
16 B2B
customers at
30 June 2021
New and
repeat orders
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Japan
Robust market
Device
growth17,000
to > 61,000
Licence model
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Taiwan
Advanced
product
designs
Water, gas and
energy
management
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China
and
Australia
Establishing
presence in
the market
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AGM Presentation November 2021

4

Strong Growth Across Key Metrics

X2M has delivered strong Q1 growth in revenues, connected devices, enterprise and government customers and annualised subscription revenues

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75% Q1 year on year revenue growth
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Connected devices increased by 24%
in the quarter to reach 152,203 with
101% Q1 year on year growth
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Enterprise and government
customers increased by 11 on PCP
delivering 42% Q1 year on year growth
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Revenue ($A ’000’s) Connected devices (‘000’s)
1595 152
+75% +101%
912 76
742 47
Q1FY2020 Q1FY2021 Q1FY2022 Q1FY2020 Q1FY2021 Q1FY2022
Enterprise and government Annualised subscription
37 229
customers revenues ($A ’000’s)1
+42% +152%
26 91
18 40
Q1FY2020 Q1FY2021 Q1FY2022 Q1FY2020 Q1FY2021 Q1FY2022
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1. Annualised subscription revenues is September SaaS revenue value times 12 and excludes Gochang platform subscriptions which include both hardware as well as SaaS subscription revenue

2. Q1FY2020 data is from periods of subsidiaries under the previous operator of the business

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AGM Presentation November 2021

5

Summary

FY2021 was a transformational year and FY2022 is off to a strong start

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Successful ASX listing 0n
22 September 2021
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Three recent K Water tender wins
worth $4.1m
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Growth story continues post Q1 – $7.8m
already contracted for FY2022 against a
FY2021 full year result of $5.7m
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Solid base for future growth
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AGM Presentation November 2021

6

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X 2 M C O N N E C T

GET IN

TOUCH

Shareholder Enquiries Automic Pty Ltd hello@automic.com.au

+61 (2) 9698 5414

Media and Investor Enquiries Julia Maguire

julia@thecapitalnetwork.com.au +61 (2) 8999 3699

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Chief Executive Officer Mohan Jesudason, CEO investor.relations@x2mconnect.com

1 800 926 926 (1 800 X2M X2M)